Italian bonds advance on EU leaders announcements

Note: This section contains information in English only.
Source: Bloomberg
Italian bond yields decline for a third consecutive day as French President Sarkozy claimed more discipline is needed to solve Eurozone's debt turmoil. The 10-year Italian borrowing costs dropped 13 b.p. or 0.13 percentage points reaching 6.52%. In contrast German bond yields added 2 b.p.reaching 2.18%. ECB's President Draghi confirmed that bank could help to fight the woe if stricter fiscal rules are implemented. 
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Fri, 02 Dec 2011 12:19:55 GMT

Reuters boss to step down

Tom Glocer, CEO of news group Reuters, announced he is stepping down after running the company for 10 years. He will step down on 1 January and the current chief operating officer, James Smith will replace him. The change follows the worries about a decline in the company's share price by 29% this year.

Fri, 02 Dec 2011 12:43:30 GMT

France and Germany push for stronger economic ties

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